- The key vendors in the Global Meningococcal Vaccines Market are GlaxoSmithKline plc, Novartis AG and Sanofi Pasteur SA.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Meningococcal Vaccines Market 2014-2018. The report analyzes the factors such as market penetration of recently launched vaccines, anticipated launch of new vaccines, and recognition of marketed vaccines by organizations such as the WHO, which are expected to fuel market growth during the forecast period of 2013-2018.
The Global Meningococcal Vaccines market is growing at a high rate and is expected to post a CAGR of 15 percent during the period 2013-2018. Meningitis is characterized by inflammation of the protective lining (meninges) present around the brain and spinal cord. It can be classified into infectious and non-infectious meningitis. Meningococcal disease can occur at any age; however, it is more prevalent in infants, children, and adolescents. It involves a sudden onset of symptoms, which can lead to death within hours, if left untreated. The disease is generally treated with antibiotics.
“Globally, various government bodies have mandated the immunization of travelers visiting meningitis-prone areas with meningococcal vaccines. This prevents the spread of infection and averts any chances of epidemic outbreaks,” says Faisal Ghaus, Vice President of TechNavio Research.
Increased Use of Combination Vaccines
Combination vaccines eliminate the need to administer individual vaccines. They decrease the packaging and transportation expenditure associated with multiple individual vaccines, and reduce the chances of missing immunization.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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